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Trading Made Simple

  • #73,741
  • Dec 5, 2016 11:10pm Dec 5, 2016 11:10pm
Quoting saranga
looking good currency strenth {image}
Saranga,

I do not understand why you posted this pic.

Can you explain why you posted it?

Specifically, what information from the pic is relevant to you? How does it relate to tms?

Sincerely,
N
  • #73,742
  • Dec 6, 2016 3:26am Dec 6, 2016 3:26am
Quoting mortezakh
If anybody think know a lot about tms I suggest read this PDF and specially Emanuel summary PDF very very useful.thanks again for sharing {quote}
Your welcome Mortexakh.

Better to for us guys with the docs to post from time to time then to tell you to find stuff in this vast thread.. at least the favourites/important/helpful one's we must share.
It's in fear when people show what they truly value.
  • #73,743
  • Dec 6, 2016 4:37am Dec 6, 2016 4:37am
gone short the kiwi...I am still trying to figure out whether the large candle was caused by the rate decision announcement from Australia...anyway, just playing the charts
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #73,744
  • Dec 6, 2016 6:01am Dec 6, 2016 6:01am
Quote
Saranga,

I do not understand why you posted this pic.

Can you explain why you posted it?

Specifically, what information from the pic is relevant to you? How does it relate to tms?

Sincerely,
N
its monitoring what good pair trade day stong week
Attached Image (click to enlarge)
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  • #73,745
  • Dec 6, 2016 6:16am Dec 6, 2016 6:16am
I set a pending sell on this pair as a 1-2-3 pattern on the 15 min after checking the 4 hour tf. I was not aware it was triggered as I was busy looking for some medicine for my cold. I thought having a "flu" jab will eliminate from catching a cold/flu but apparently it was not to be...I normally take profit early for the first profitable trade of the day and has just done that
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 44 KB
Click to Enlarge Name: EURAUDH4.png Size: 62 KB
the cautious seldom err....C
  • #73,746
  • Dec 6, 2016 6:18am Dec 6, 2016 6:18am
Quoting saranga
{quote} its monitoring what good pair trade day stong week {image}
Okay, that's a good start, fair enough. Can you explain how you use this dashboard? How does it fit into your analysis?

I ask, because in the first version of the dashboard, you claimed "looking good currency strenth", and from my understanding of Currency Strength Meters, there wasn't any currency that was strong enough and, there wasn't any currency that was weak enough. Without both these conditions, you cannot use a Currency Strength Meter. Perhaps, you were looking at something different.

I am very open minded when it comes to TMS/5-method, and indeed i use a few additional tools that are not generally covered in this thread. However, if you choose to share a tool you like, the minimum should be a brief explanation of how it works, how you use it, and whether you have had any success with the tool. I hope i am not asking for too much.

All the best,
N
  • #73,747
  • Dec 6, 2016 7:42am Dec 6, 2016 7:42am
Hi All,

Here's one practice trade I initiated on AUDUSD H1. Hope to see comments from seniors.

Okoso
Attached Image (click to enlarge)
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  • #73,748
  • Dec 6, 2016 7:43am Dec 6, 2016 7:43am
Quoting pips29
{quote} I am using the ordinary synergy apb...yes, there are more trading opportunities with H1...just look left
Thanks!
Successful people do what unsuccessful people are not willing to do
  • #73,749
  • Dec 6, 2016 7:44am Dec 6, 2016 7:44am
Quoting Nik-Nyc
{quote} Tampa, I am not quite sure what your issue is, but occasionally the APB Pro indicator will produce the same error on my chart and the fix for me is cycling through the TF's from MN down through M1. Also, check under Tools=>Options=>Charts, and make sure the "max bars in chart/history" is not too low a number. Hope this helps, N
Thanks I will give that a try.
Successful people do what unsuccessful people are not willing to do
  • #73,750
  • Dec 6, 2016 8:17am Dec 6, 2016 8:17am
a mastercandle beakout on the 4 hour..I actually have a pending sell on oil which did not get triggered..anyway, not trading the loonie as I still have the e/u and n/u shorts trades
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 64 KB
the cautious seldom err....C
  • #73,751
  • Edited 9:35am Dec 6, 2016 8:19am | Edited 9:35am
Quoting okoso
Hi All, Here's one practice trade I initiated on AUDUSD H1. Hope to see comments from seniors. Okoso {image}
Okoso,

I'll gladly give my opinion on your chart/trade.

TDI: Cross looks good, not great. Cross occurred at the 40-level of the tdi which many consider the lowest level for a long trade. MBL flat but above the 50-level.

PA: Few candle back you had an inside bar followed by a doji, then a break of the IB, followed by a break of the Mother candle of the inside bar. Waiting for the break of the inside bar mother candle, followed by tdi confirmation is a safer trade. Good job.

Considerations:
A)When you opened the trade on h1, the current candle on HTF (h4) had not yet closed over the 5ema. From a multi-timeframe approach your trade was "early". Then again, every trader has different rules, but many will consider the next higher timeframe before placing a trade in their trading timeframe (some traders even consider the next 2 HTFs). If you switch to h4 now, you will see the h4 candle closed below the 5ema.

B) Your chart seems to show you considered PA, which is great, but did the PA occur at a specific level of S/R. Hence the term PASR, or PA at S/R (support and resistance). It is worth considering having SR levels identified when trading h1, as this "lower" timeframe can be quite volatile.

I hope my comments were clear, if not let me know. Also, if you are interested in reading further on PA, SR, TDI, HTF, etc, i am happy to point you in the right direction within this thread.

All the best,
N

Edit: Spelling
  • #73,752
  • Dec 6, 2016 8:33am Dec 6, 2016 8:33am
a/u H1 looks like a top has been made...will trade sell if price gets below the shaded area (blue)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 59 KB
the cautious seldom err....C
  • #73,753
  • Dec 6, 2016 8:40am Dec 6, 2016 8:40am
Quoting pips29
a/u H1 looks like a top has been made...will trade sell if price gets below the shaded area (blue) {image}
Pip29,

I agree with your intraday level . . . indeed if it breaks, it will also have cleared the mastercandle seen in h4 which i am sure you are aware off. We shall see...

Best,
N
  • #73,754
  • Edited 9:04am Dec 6, 2016 8:54am | Edited 9:04am
Quoting Nik-Nyc
{quote} Pip29, I agree with your intraday level . . . indeed if it breaks, it will also have cleared the mastercandle seen in h4 which i am sure you are aware off. We shall see... Best, N
sorry Nik, I don't see a MC on my platform...a wide range bar? I need to shut my eyes for 30 mins or so...anyway, lock in my e/u at b/e+ now...see you in a bit
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 55 KB
the cautious seldom err....C
  • #73,755
  • Dec 6, 2016 9:08am Dec 6, 2016 9:08am
Quoting pips29
{quote} sorry Nik, I don't see a MC on my platform...a wide range bar? {image}
Thanks for the correction Pip29, i meant WRB, not MC . . .Osaka, this is another consideration for the trade you took i did not see at the time on the HTF.

Best,
N
  • #73,756
  • Dec 6, 2016 10:16am Dec 6, 2016 10:16am
Hi All,

Have just joined the thread and would be pleased if someone could confirm that the indicators in Page 2, post 25 are still those used.

Many thanks awm.
  • #73,757
  • Dec 6, 2016 10:44am Dec 6, 2016 10:44am
Quoting awm
Hi All, Have just joined the thread and would be pleased if someone could confirm that the indicators in Page 2, post 25 are still those used. Many thanks awm.
Awn,

Welcome to Tms thread & FF . . . i recommend you begin by reading the post below, its a good starting point that should answer your questions and surely lead to new ones :-)

http://www.forexfactory.com/showthre...58#post8962658

Best,
N
  • #73,758
  • Dec 6, 2016 11:04am Dec 6, 2016 11:04am
N: Thanks for the reply; I look forward to reading the link.

awm.
  • #73,759
  • Dec 6, 2016 11:20am Dec 6, 2016 11:20am
Quoting pips29
I just took this trade and will be off to bed soon. The short was taken on the 1 hour and after having considered pa on the 4 hour. Below are both the 1 hour and 4 hour charts. On the 1 hour there was divergence and a tdi cross. On the 4 hour price was rejected at the 200 ema and also at extreme R100 {image} {image}
it's been a long day and so I took profit on this trade . I will keep my N/U trade and might lock in at b/e+ before Gov. Wheeler's speech
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 56 KB
the cautious seldom err....C
  • #73,760
  • Dec 6, 2016 11:25am Dec 6, 2016 11:25am
Quote
it's been a long day and so I took profit on this trade . I will keep my N/U trade and might lock in at b/e+ before Gov. Wheeler's speech
nice trading what use sup rest indi
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